Politics makes for strange bedfellows. The German critics on the right of Chancellor Merkel think that Greece should leave the monetary union. The economic advisers to Merkel have argued that the Greece’s exit would not necessarily be disruptive. Ironically, the far left in Greece, the left-wing of the Syriza coalition seems to agree. In The Guardian, Costas…
Politics makes for strange bedfellows. The German critics on the right of Chancellor Merkel think that Greece should leave the monetary union. The economic advisers to Merkel have argued that the Greece’s exit would not necessarily be disruptive. Ironically, the far left in Greece, the left-wing of the Syriza coalition seems to agree. In The Guardian, Costas…
Private nonfarm payrolls in the US are projected to increase by 213,000 (seasonally adjusted) in tomorrow’s February update of the ADP Employment Report, based on The Capital Spectator’s median point forecast for several econometric estimates. The median projection matches January’s increase. Two estimates based on recent surveys of economists point to a moderately bigger gain…
The Dividend Aristocrats Index is comprised of 53 stocks that have paid dividends for 25+ consecutive years. In addition to the exclusive dividend history requirement, Dividend Aristocrats must also be members of the S&P 500 Index and meet certain size and liquidity requirements. The Dividend Aristocrats Index has outperformed the market by a wide margin over…
Econintersect: CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 5.7% year-over-year (reported up 1.1% month-over-month). There is considerable backward revision in this index which makes monthly reporting problematic. CoreLogic HPI is used in the Federal Reserve’s Flow of Funds to calculate the values of residential real estate. This is…
These two charts tell you all you need to know about how disconnected Wall Street is from reality. Corporate profits are tanking. Consumer spending is tanking. Inflation in the things you need to live your everyday life is rising. Real median household income lingers at levels from 25 years ago. Greece, Portugal, Italy, Spain and…
CLICK CHART TO ENLARGE With the many of the major stock indices hitting all-time highs, would it be a surprise to see money managers excited about the markets? If they would happen to be excited, could that be a bearish signal for the markets? The upper left table reflects that the National Association of Active Investment…
Boy is this getting silly. Apparently, we never learn. Well, we at PSW learn. We’ve been hedging the crap out of this rally for reasons that should be entirely evident on this chart – earnings are NOT GOOD! If earnings aren’t good, then why are companies racing up to all-time high valuations? Simply…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.14%) this morning are down -0.09% and European stocks are down -0.19% led by a decline in bank stocks after Barclays fell over 3% when it said it set aside 750 million pounds ($1.2 billion) for the settlement of a currency-manipulation probe. Also, data from the Basel Committee on Banking Supervision said…
